Mid Day stocks

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Stocks rebounding.

Stocks are still lower but they’re off their worst levels of the session. Profit taking all day is the main reason.
Each sell off has brought out buyers. The averages have been establishing higher lows with each sell off and subsequent buying, setting up what could be a late day move towards positive territory. The Dow is down 70 to 9,250, the NASDAQ is down 25.50 to 1,985.85, and the S&P is down 6.75 to 998.90.

MOVERS
On2 Technologies (ONT) up 50% after announcing that it will be acquired by Google (GOOG)

Onyxx Pharmaceuticals (ONXX) is down over 14% after announcing concurent offerings of 4M shares of common stock and $200M in convertible senior notes.

INOVIO Biomedical (AMEX:INO) (INO) is still up in the $2.56 up over 25% on 15milion shares.

If you think inflation is coming back go long TBT. I plan to

Unusual options trading activity in Pfizer Inc. (NYSE: PFE).

As of 11:00 AM EST we have seen some 47,000 PFE AUG $13 CALLS traded today alone versus a prior open interest of a mere 120 contracts.  Out in September expiration, we have seen 10,500 of the SEPT $11 Calls trade versus a prior open interest of 10 contracts.

Stocks on the Move High Volume

Cleveland Bio Labs Inc Nasdaq:CBLI  has had a great run today.   Shares are trading much higher than the normal volume and the charts look nice.   I still plan to sell at the end of the day.  Shares are up  $.50 to 4.88    or 11% for the day.     Chart pattern is a clear breakout.    Shares were at 13.00 in mid 2007.

First Bank corp Nasdaq:FBBN  also is up more than 30 times the normal volume.   Our morning report is right on the money.

Sands   NYSE:LVS look for shares to hit 15 later this year.   I do think we can pick it some stock in the low 8 range.  The stock has had a nice run.

LOS ANGELES: Onions make you cry, add flavor to food and are touted for their medicinal

benefits. Now the Onion has another use powering up Elect

A new system debuts on Friday that converts onion juice into electricity at Gills Onions, the largest fresh onion processor in the United States.

The Oxnard, California-based company expects its new onion-fueled power to reduce its electric bill by $700,000 a year and cut its annual greenhouse gas emissions by up to 30,000 tons.

The happy ending to this green energy tale, however, started with another question: how to get rid of onion waste.